SG Americas Securities LLC Sells 76,937 Shares of Antero Midstream Co. (NYSE:AM)

SG Americas Securities LLC cut its position in shares of Antero Midstream Co. (NYSE:AM) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 393,806 shares of the pipeline company’s stock after selling 76,937 shares during the quarter. SG Americas Securities LLC owned 0.08% of Antero Midstream worth $5,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Antero Midstream by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 462,726 shares of the pipeline company’s stock valued at $6,821,000 after purchasing an additional 21,552 shares during the period. Sei Investments Co. increased its holdings in Antero Midstream by 278.0% in the 2nd quarter. Sei Investments Co. now owns 74,637 shares of the pipeline company’s stock valued at $1,100,000 after buying an additional 54,892 shares during the period. Ensign Peak Advisors Inc raised its stake in shares of Antero Midstream by 1.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 159,763 shares of the pipeline company’s stock valued at $2,355,000 after buying an additional 2,870 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Antero Midstream by 34.9% during the 2nd quarter. Bank of Montreal Can now owns 296,130 shares of the pipeline company’s stock worth $4,423,000 after acquiring an additional 76,562 shares during the period. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Antero Midstream during the 2nd quarter valued at about $198,000. 53.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AM. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a report on Wednesday, December 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

Antero Midstream Stock Performance

Antero Midstream stock opened at $16.38 on Friday. The stock has a 50-day simple moving average of $15.53 and a 200 day simple moving average of $15.05. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 20.23 and a beta of 2.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.86.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Wednesday, January 29th. Antero Midstream’s dividend payout ratio is 111.11%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.